Sisi Chan

Steel sector praises new tariff measures, but says more needs to be done

The impact: Canada’s latest tariff measures have drawn both applause and criticism from the steel sector. As Catherine Cobden, CEO of the Canadian Steel Producers Association, puts it, the new measures are a positive step but do not fully compensate for the lost U.S. market share. Prime Minister Mark Carney’s administration faces a delicate balancing act in its trade relations.

Extension of Remission Program

Cobden’s critique: Cobden shared her disappointment over Canada’s decision to extend, for the second time, its remission program for steel importers in crucial sectors. The CEO believes it weakens the effect of Canada’s retaliatory tariffs on U.S. steel and waters down the gains of the newly introduced measures.

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